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Oklahoma Corporation Commission Oil & Gas Conservation Division Post Office Box 52000 Oklahoma City, Oklahoma 731522000 Rule 165: 10325 API No.: 35043231960000 Form 1002A Completion Report Spud Date:
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Oil and gas conservation refers to the practice of reducing waste and maximizing the use of oil and gas resources to ensure their sustainable utilization for future generations.
Operators or companies involved in the extraction, production, or distribution of oil and gas resources are typically required to file oil and gas conservation reports.
Oil and gas conservation reports are typically filled out by providing information on production levels, reserves, and conservation measures implemented by the operator or company.
The purpose of oil and gas conservation is to ensure the sustainable utilization of oil and gas resources, reduce waste, and minimize environmental impact of oil and gas extraction and production.
Information typically reported on oil and gas conservation includes production levels, reserves, conservation measures, and any incidents of waste or environmental impact.
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